About LetsDressUp
LetsDressUp is a company based in Gurugram (India) founded in 2019 by Drishti Anand and Aditya Balani.. LetsDressUp has raised $1.72 million across 3 funding rounds from investors including Wellfound, Gujarat Venture Finance and The Chennai Angels. LetsDressUp offers products and services including Tops, Dresses, Kurtas, and Bottoms. LetsDressUp operates in a competitive market with competitors including eShakti, WYO, Freshmonk, HouseOfBlouse and WhySoBlue, among others.
- Headquarter Gurugram, India
- Founders Drishti Anand, Aditya Balani
- Stage Minicorn
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Letsdressup Fashion Private Limited
- Date of Incorporation 19 Sep, 2019
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$480.01 K (USD)1001.21as on Mar 31, 2023
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Net Profit
$-65.12 K (USD)-20.11as on Mar 31, 2023
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EBITDA
$-112.26 K (USD)-105.53as on Mar 31, 2023
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Total Equity Funding
$1.72 M (USD)
in 3 rounds
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Latest Funding Round
$1.32 M (USD), Seed
Jun 25, 2024
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Investors
Wellfound
& 17 more
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Employee Count
Employee Count
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Products & Services of LetsDressUp
LetsDressUp offers a comprehensive portfolio of products and services, including Tops, Dresses, Kurtas, and Bottoms. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Variety of casual and ethnic tops for women
Ethnic and lounge dresses in multiple styles
Traditional and modern kurtas for daily wear
Palazzos and salwars in various fabrics
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Funding Insights of LetsDressUp
LetsDressUp has successfully raised a total of $1.72M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.32 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $1.3M
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First Round
First Round
(31 Jul 2020)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Seed - LetsDressUp | Valuation | Gujarat Venture Finance , Indian Angel Network |
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| Apr, 2021 | Amount | Seed - LetsDressUp | Valuation | Titan Capital , Sequoia Capital | |
| Jul, 2020 | Amount | Angel Round - LetsDressUp | Valuation | Kaushika Madhavan |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in LetsDressUp
LetsDressUp has secured backing from 18 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Wellfound, Gujarat Venture Finance and The Chennai Angels. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments are made in Indian startups across multiple sectors.
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Founded Year | Domain | Location | |
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Angel investor network investing in early-stage startups
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Founded Year | Domain | Location | |
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Angel network focused on multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by LetsDressUp
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - LetsDressUp
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Letsdressup Comparisons
Competitors of LetsDressUp
LetsDressUp operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as eShakti, WYO, Freshmonk, HouseOfBlouse and WhySoBlue, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Customized casual wear for women is offered online.
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| domain | founded_year | HQ Location |
Private label brand for western fashion products
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| domain | founded_year | HQ Location |
Provides an online platform for designing and selling custom apparel.
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| domain | founded_year | HQ Location |
Custom blouses for women are designed and retailed online.
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| domain | founded_year | HQ Location |
Women's casual and formal apparel is designed and retailed online.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Letsdressup
Frequently Asked Questions about LetsDressUp
When was LetsDressUp founded?
LetsDressUp was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is LetsDressUp located?
LetsDressUp is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is LetsDressUp a funded company?
LetsDressUp is a funded company, having raised a total of $1.72M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $103.68K, raised on Jul 31, 2020.
What is the annual revenue of LetsDressUp?
Annual revenue of LetsDressUp is $480.01K as on Mar 31, 2023.
What does LetsDressUp do?
Provider of stitching services for womens apparel. Their offerings include stitching of kurtas, suits, dresses, and more. Users can also receive regular updates track deliveries in real-time. The company customizes designs according to users recommended stylists offers proprietary sizing charts.
Who are the top competitors of LetsDressUp?
LetsDressUp's top competitors include eShakti, WYO and HouseOfBlouse.
What products or services does LetsDressUp offer?
LetsDressUp offers Tops, Dresses, Kurtas, and Bottoms.
Who are LetsDressUp's investors?
LetsDressUp has 18 investors. Key investors include Wellfound, Gujarat Venture Finance, The Chennai Angels, Hauz Khas Ventures, and Indian Angel Network.
What is LetsDressUp's valuation?
The valuation of LetsDressUp is $3.66M as of Apr 2021.